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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2018
Jan. 31, 2017
Jan. 31, 2018
Jan. 31, 2017
Net sales $ 287,780 $ 268,001 $ 577,931 $ 548,177
Cost of products sold 144,088 133,843 288,174 273,661
Gross margin 143,692 134,158 289,757 274,516
Operating expenses:        
Research and development 11,314 9,481 21,834 18,627
Selling, general and administrative 97,582 94,715 197,716 192,719
Total operating expenses 108,896 104,196 219,550 211,346
Operating income 34,796 29,962 70,207 63,170
Other income (expense):        
Investment and other income 1,056 596 1,272 107
Interest expense (829) (1,458) (1,692) (3,190)
Earnings before income taxes 35,023 29,100 69,787 60,087
Income tax expense 30,750 3,803 39,678 12,237
Net earnings $ 4,273 $ 25,297 $ 30,109 $ 47,850
Weighted average common shares outstanding (in thousands):        
Weighted average common shares outstanding, basic (in thousands): 51,698 51,054 51,569 50,844
Weighted average common shares outstanding, diluted (in thousands): 52,719 51,954 52,551 51,721
Class A nonvoting common stock        
Earnings Per Share        
Net earnings per share, basic $ 0.08 $ 0.50 $ 0.58 $ 0.94
Net earnings per share, diluted 0.08 0.49 0.57 0.93
Dividends $ 0.21 $ 0.21 $ 0.42 $ 0.41
Class B voting common stock        
Other income (expense):        
Earnings from continuing operations $ (4,273) $ 25,297 $ 29,294 $ 47,048
Earnings Per Share        
Net earnings per share, basic $ 0.08 $ 0.50 $ 0.57 $ 0.93
Net earnings per share, diluted 0.08 0.49 0.56 0.91
Dividends $ 0.21 $ 0.21 $ 0.40 $ 0.39